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September 22, 2006 |

Icahn Blasts ImClone Management

In the wake of a judge's ruling that stripped ImClone Systems of key exclusive patent rights, the biotech's biggest rival wasted little time taking advantage of the situation. After the market closed Tuesday, biotech giant Amgen Inc. said it had licensed the same technology to which ImClone lost its exclusive rights. Meanwhile, in what could lead to a full-blown power struggle, newly elected ImClone director Carl Icahn blasted management for the patent loss and for ImClone's "sorry record" in general.
4 minute read
June 01, 2013 |

Deals & Suits

14 minute read
May 15, 2007 |

Supreme Court lets stand Georgia death sentences, declines patent case

THE U.S. SUPREME COURT on Monday let stand a death sentence for a Georgia death row inmate who was convicted of killing his wife and two stepdaughters.John W. Hightower, who is black, has claimed that prosecutors improperly struck blacks from the jury. Two years ago, the court sent Hightower's case back to the Atlanta-based 11th U.
2 minute read
April 03, 2007 |

Bristol-Myers Squibb asked by FTC to produce documents related to failed Plavix settlement

NEW YORK AP Drug maker Bristol-Myers Squibb Co. said Tuesday it was cooperating with a Federal Trade Commission request to turn over documents related to last year's failed Plavix patent settlement.The company said in a filing with the Securities and Exchange Commission that the FTC requested the documents on March 21 through a civil investigative demand.
1 minute read
September 13, 2013 |

Bayer AG Comes Under Investigation In China

The pharmaceutical giant Bayer AG said it is cooperating with Chinese authorities in the investigation of a potential case of unfair competition.
1 minute read
October 14, 2010 |

Applications for jobless benefits rise to 462K

WASHINGTON AP - More people applied for unemployment benefits last week, the first rise in three weeks and evidence that companies are reluctant to hire in a slow economy.Initial claims for unemployment aid rose by 13,000 to a seasonally adjusted 462,000, the Labor Department said Thursday. It was only the second rise in two months.
3 minute read
May 01, 2012 |

Daily Decision Service Alert: Vol. 21, No. 85 - May 1, 2012

Daily decision alert.
11 minute read
August 17, 2004 |

EU Competition Chief Draws Praise

Neelie Kroes, now the transport minister for the Netherlands, was appointed Thursday by president designate Jose Manuel Durao Barroso to be the incoming European Union competition commissioner -- seen as among the most powerful slots on the commission. Observers say Kroes' mix of political know-how and corporate expertise will help her walk the legal and political tightrope that her new position demands.
3 minute read
October 22, 2008 |

Antitrust

Elai Katz, a partner at Cahill Gordon & Reindel, reports that the U.S. Court of Appeals for the Federal Circuit recently ruled that an agreement settling a patent dispute did not violate antitrust law because it did not restrain competition beyond the scope of the patent. Also, the FTC challenged an agreement to divide markets along the U.S.-Canada border that was extended beyond the term of a legitimate collaboration between golf store chains.
8 minute read
September 05, 2006 |

FTC Chair Intends to Keep Fighting Pharma Payments to Generic Competitors

The Federal Trade Commission so far has been unable to block drug companies from reaching settlements it fears are slowing the introduction of generic competitors, but the head of the agency said she won't stop fighting to end such deals. FTC Chairman Deborah Platt Majoras said she's concerned payments by brand name drug makers to their generic rivals may be nothing more than payoffs to keep cheap drugs off the market, depriving consumers of low-cost medicines.
3 minute read

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